Urban Neighborhood Commercial Corridors Initiative

ELIGIBILITY and EXPECTATIONS

• Urban Neighborhood Commercial Corridors Initiative communities must have a population of over 50,000 and applicants should consist of a partnership between a group of urban neighborhood level stakeholders and their local government city/county partner.
• The urban neighborhood commercial corridors applicant cannot be currently designated by NMMS as a MainStreet, Arts & Cultural District, or MainStreet Accelerator Community.
• Communities are encouraged to engage not only their local governing body, but also their county government, regional Council of Governments, and where applicable, Land Grant or Tribal/Pueblo government.
• Only one application for one project per community will be accepted.
• Professional technical assistance through NMMS is targeted to that one designated community economic development project. The scope of the project should be specific. Additional professional assistance on other projects and activities will not be considered until the original project is complete.
• Communities participating in NMMS project-based initiatives are expected to fully participate in the program of services as a partner. A stakeholder group of volunteers is required to implement the project. The New Mexico MainStreet program, or its contractors, are not responsible for implementing or funding the community-based project.
• Communities participating in NMMS project-based initiatives are encouraged to have their task group participants attend project related New Mexico MainStreet trainings, annual Conferences and/or Institutes to assist with building their local capacity to reinvest in their local economy.
  • New Mexico MainStreet’s annual calendar can be found at www.nmmainstreet.org. Access to these trainings and workshops is available to community stakeholders at the same low cost as MainStreet and Arts & Cultural District organization affiliates.
• A community’s period of participation in the project-based initiative should not exceed 18 months beginning on the date technical assistance for the selected project is initiated. Communities demonstrating successful implementation of their selected project and attendance at NMMS trainings during their first project period, may apply for a second project when a new application round is released.
• Communities may only participate in two consecutive rounds of the initiative. It is expected that communities receiving support for a second project are building local capacity and planning to apply for the NMMS Accelerator process that leads to MainStreet designation.
• Projects selected must conform to all state regulations and guidance for economic development support, including the state constitution’s “anti-donation clause.”
• The project requires partnership resources from the municipality and stakeholders. Depending on the project, the municipality could be expected to explore dedicated sources of funding through one of the state-enabled financial revitalization tools or other federal and foundation sources to support the effort in implementing the project.
• Additionally, where applicable, the state assistance team may recommend the adoption or amendment, by municipal ordinance, of any one of several financing tools created by the state as municipal enabling legislation to finance the project. Such legislation could include the Local Economic Development Act (LEDA), a Metropolitan Redevelopment Area (MRA), Tax Increment Finance (TIF) district, or other state redevelopment and revitalization tools appropriate to the scope and scale of the proposed project.
• New Mexico MainStreet professional contractors and staff will also assist selected communities in reviewing several financing options from federal, state, foundation and other fundraising sources once an estimated budget for the project has been developed. This could include the Economic Development Department’s FundIt program and eligible funding through NM Finance Authority.
• Also, please note that professional design services provided are conceptual. Projects requiring a licensed architect, engineer, or construction documents may be ranked lower than projects that can be self-initiated.

For Applicants:

Applications for New Mexico MainStreet’s project-based initiatives are accepted on a rolling basis. To be considered, please review the pre-application webinar materials below and then contact Lucas Pedraza for next steps and the application.

Pre-Application Webinar Materials:
• Presentation (pdf)
• Video Recording on YouTube

Lucas Pedraza, Project Coordinator
Lucas.Pedraza@edd.nm.gov or (505) 412-3963

Eligible Projects

The focus of New Mexico MainStreet’s project-based initiative programs are to develop and implement catalytic projects considered to have substantial economic impact. As such, applicant communities should select their proposed project based on its contribution to the local economy and to a sound and proper balance between preservation and development. The community’s choice of a catalytic project has significance not only for the potential redevelopment of the selected project but can have a positive spill-over effect, stimulating interest and action for additional projects. Revitalization is an ongoing, incremental community effort.

The following comprehensive list of potential projects qualify for this initiative.